The Louis L Borick Foundation
- Assets
- $85.1m
- Revenue
- $3.4m
- Investments
- $77.3m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 04/2015
- Data as of
- 12/2023
- EIN
- 47-2387053
Organization Overview
The Louis L Borick Foundation is located in Houston, TX. The organization was established in 2015. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louis L Borick Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Louis L Borick Foundation generated $3.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.9%) each year. All expenses for the organization totaled $3.7m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Louis L Borick Foundation has awarded 742 individual grants totaling $28,207,105. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION HAS NO DIRECT CHARITABLE ACTIVITIES. IT ONLY DISBURSES CHARITABLE FUNDS TO OTHER TAX-EXEMPT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Borick Director | 0 | $0 | |
Robert Borick Director | 0 | $0 | |
Linda Borick Davidson Director | 0 | $0 | |
Lauren Johnson Program Director | 0 | $80,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,295 |
| Dividends & Interest | $2,171,600 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $648,667 |
| Capital Gain Net Income | $648,667 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $533,000 |
| Total Revenue | $3,357,562 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $80,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $57,637 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $74,637 |
| Total operating and administrative expenses | $220,874 |
| Contributions, gifts, grants paid | $3,446,320 |
| Total expenses and disbursements | $3,667,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,798,626 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $85,065,317 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Louis L Borick Foundation has awarded $3,446,320 in support to 82 organizations.
| Grant Recipient | Amount |
|---|---|
THE STEVENSVILLE HISTORICAL MUSEUM PURPOSE: CHARITABLE DONATION | $3,500 |
ARTS FOR LA PURPOSE: CHARITABLE DONATION | $20,000 |
ANZA-BORREGO DESERT NATURAL HISTORY ASSOCIATION PURPOSE: CHARITABLE DONATION | $15,000 |
BEYOND DIFFERENCES PURPOSE: CHARITABLE DONATION | $20,000 |
CALIFORNIA HOSPITAL MEDICAL CENTER FOUNDATION PURPOSE: CHARITABLE DONATION | $25,000 |
CALIFORNIA THOROUGHBRED HORSEMAN'S FOUNDATION PURPOSE: CHARITABLE DONATION | $50,000 |